Downing Street will further study the role of the former prime minister in the controversial Greensail Capital Fund. He has admitted wrongdoing in this case.
Former British Prime Minister David Cameron is reviewing the lobbying of Greensill Capital, which is headquartered in London, which has now closed down.
E24 has previously written an article that Greensail has been placed under administrative management under the British bankruptcy plan. The company was founded in 2011 by Australian banker Lex Greensill.
British authorities will conduct an independent investigation into Cameron’s contacts with ministers, officials and special advisers in this case. Financial Times.
According to Bloomberg News, Downing Street spokesman Max Blain confirmed this.
The British government will study how Greenhill obtains contracts with the authorities and how to use the so-called “supply chain finance»Or supplier financing. They will also study the connections between company representatives and government representatives.
Lex Greensil had his office in Downing Street during his tenure as Prime Minister of Cameron, when he was Cameron’s unpaid consultant. British Broadcasting Corporation.
In turn, Cameron became an advisor after serving as Prime Minister of Greensill. According to Cameron, among other things, Cameron requested state emergency assistance on behalf of the company while having financial interests. British Broadcasting Corporation. These inquiries must be made through SMS and other informal channels.
Cameron broke the silence and said that he did not violate any rules to defend himself.according to British Broadcasting Corporation The rule stipulates that ministers must wait at least two years after completing their work before they can start lobbying.
Cameron said, however, he has been reflecting on the case for a long time and has learned important lessons in the case. Cameron served as Prime Minister of the United Kingdom from 2010 to 2016.
-I realize that communication with the authorities can only be done through the most formal channels, so as to avoid room for misunderstanding, According to Reuters, Cameron said.
Some people believe that the motive of the company’s lobbying is that it may get huge compensation from options of about 60 million pounds, equivalent to 700 million Swedish kronor, but Cameron refused.
-My salary is partly in the form of allotment. He said that this price is not as good as the media speculated. These choices are now worthless. Financial Times.
Among Greensill losses are Japanese investment giant Softbank, which has injected billions of dollars into the company. Recently, SoftBank conducted an acquisition raid in Norway, investing in Autostore, Oda (formerly known as Kolonial.no) and Kahoot.